Cardinal Capital Management Makes New Investment in NXP Semiconductors N.V. $NXPI

Key Points

• Cardinal Capital Management bought 8,994 NXP Semiconductors shares worth approximately $2.15 million in the third quarter, while institutional investors collectively own 90.54% of the company.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $302.30, despite several firms retaining neutral or hold ratings and lowering targets.
• NXP exceeded quarterly earnings and revenue estimates, reporting $3.61 in EPS and $3.50 billion in revenue, while paying a $1.014 quarterly dividend; two executives also sold shares under pre-arranged trading plans.

Cardinal Capital Management bought a new position in NXP Semiconductors N.V. (NASDAQ:NXPI - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 8,994 shares of the semiconductor provider's stock, valued at approximately $2,145,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NXPI. Gamco Investors INC. ET AL raised its position in NXP Semiconductors by 2.0% in the first quarter. Gamco Investors INC. ET AL now owns 2,305 shares of the semiconductor provider's stock valued at $454,000 after purchasing an additional 45 shares during the last quarter. Howard Financial Services LTD. boosted its stake in shares of NXP Semiconductors by 2.9% during the third quarter. Howard Financial Services LTD. now owns 1,736 shares of the semiconductor provider's stock valued at $412,000 after purchasing an additional 49 shares in the last quarter. Ballast Advisors LLC grew its holdings in shares of NXP Semiconductors by 0.7% during the first quarter. Ballast Advisors LLC now owns 9,078 shares of the semiconductor provider's stock worth $1,787,000 after purchasing an additional 61 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of NXP Semiconductors by 6.1% during the first quarter. Chicago Partners Investment Group LLC now owns 1,200 shares of the semiconductor provider's stock worth $236,000 after purchasing an additional 69 shares during the last quarter. Finally, Fulton Bank N.A. grew its holdings in shares of NXP Semiconductors by 2.0% during the first quarter. Fulton Bank N.A. now owns 4,317 shares of the semiconductor provider's stock worth $850,000 after purchasing an additional 84 shares during the last quarter. Institutional investors and hedge funds own 90.54% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Susquehanna upped their price objective on NXP Semiconductors from $210.00 to $250.00 and gave the company a "neutral" rating in a research note on Tuesday, July 21st. Citigroup reissued a "neutral" rating on shares of NXP Semiconductors in a report on Monday, July 13th. UBS Group reissued a "neutral" rating and set a $270.00 target price (down from $305.00) on shares of NXP Semiconductors in a report on Monday, August 3rd. Bank of America restated a "neutral" rating on shares of NXP Semiconductors in a research report on Wednesday, July 29th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating on shares of NXP Semiconductors in a research note on Tuesday, September 8th. Sixteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, NXP Semiconductors currently has an average rating of "Moderate Buy" and a consensus price target of $302.30.

Insider Buying and Selling

In related news, EVP Andrew Micallef sold 1,000 shares of the company's stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $226.04, for a total value of $226,040.00. Following the sale, the executive vice president directly owned 7,942 shares in the company, valued at $1,795,209.68. This represents a 11.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christopher Jensen sold 3,355 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $240.00, for a total value of $805,200.00. Following the completion of the sale, the executive vice president owned 288 shares in the company, valued at $69,120. The trade was a 92.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.05% of the stock is owned by insiders.

NXP Semiconductors Stock Up 2.0%

Shares of NXPI opened at $242.36 on Thursday. The company has a market capitalization of $61.11 billion, a PE ratio of 20.68, a PEG ratio of 0.81 and a beta of 1.80. NXP Semiconductors N.V. has a 12 month low of $183.00 and a 12 month high of $339.95. The stock's 50-day moving average price is $230.08 and its two-hundred day moving average price is $257.31. The company has a current ratio of 2.04, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88.

NXP Semiconductors (NASDAQ:NXPI - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor provider reported $3.61 EPS for the quarter, beating analysts' consensus estimates of $3.52 by $0.09. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.47 billion. NXP Semiconductors had a return on equity of 27.83% and a net margin of 22.56%. The business's revenue was up 19.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.72 EPS. On average, analysts anticipate that NXP Semiconductors N.V. will post 13.75 EPS for the current year.

NXP Semiconductors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Wednesday, September 16th were paid a $1.0140 dividend. This represents a $4.06 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, September 16th. NXP Semiconductors's payout ratio is currently 34.56%.

NXP Semiconductors News Roundup

Here are the key news stories impacting NXP Semiconductors this week:

• Positive Sentiment: Shares outperformed the broader market in the latest session, indicating continued near-term investor interest in NXP. NXP Semiconductors Laps the Stock Market: Here's Why
• Positive Sentiment: GuruFocus estimated NXP’s GF Value at $250.62, above the recently cited share price of $237.60, suggesting the stock may be modestly undervalued based on its valuation model. A Look at NXP Semiconductors After a 3.2% Gain
• Positive Sentiment: TD Cowen maintained a “Buy” rating, although it reduced its price target to $275 from $290. The revised target still implies meaningful upside from recent levels. TD Cowen price-target update
• Neutral Sentiment: Wall Street expects earnings growth in NXP’s report next week, but analysts do not see the company as having the strongest setup for exceeding estimates, making the report an important near-term catalyst. NXP Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Wells Fargo retained its “Hold” or “Equal Weight” stance and cut its price target to $235 from $280, signaling limited confidence in additional gains and placing its valuation below recent trading levels. Wells Fargo Sticks to Its Hold Rating for NXP Semiconductors
• Negative Sentiment: A broader skeptical view of several semiconductor stocks adds caution, particularly because NXP may not have the factors analysts typically associate with a likely earnings beat. 3 Semiconductor Stocks We’re Skeptical Of

NXP Semiconductors Profile

NXP Semiconductors N.V. is a global semiconductor company that develops technologies for automotive, industrial, communications infrastructure, mobile, and Internet of Things applications. The company provides processing, connectivity, security, sensing, and power-management solutions that help enable connected and automated systems.

Its product portfolio includes microcontrollers and application processors, automotive networking and radar solutions, secure identification and authentication technologies, near-field communication products, radio-frequency power amplifiers, analog and mixed-signal devices, and wireless connectivity solutions.

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